People in the News

UK blocks Russian Oligarchs' Deal to buy North Sea fields

  The British government blocked on Saturday a deal by Russian billionaires, Mikhail Fridman and German Khan, to buy 12 oil and gas fields in the North Sea as

BP Ex-chief Browne to Run Russian Oligarchs' Oil Venture

  John Browne, the former chief executive of BP, will take charge of a $10 billion oil and gas venture backed by Russian billionaire Mikhail Fridman to help it

China to Push for Market Reforms for Jet Fuel Pricing

  China will allow oil companies to play a bigger role in determining the import price for jet fuel from March, the country's top planning body said on Saturday, state media reported.

Lithuania Signs Non-binding Deal for U.S. LNG

  Lithuanian liquefied natural gas (LNG) importer Litgas has signed a non-binding agreement to purchase LNG from the United States' first export terminal, the company said on Saturday.

China to Cut Natural Gas Prices

   China will cut city-gate non-residential natural gas prices by 440 yuan per thousand cubic meters, starting from April 1, the country's top planning body said on Saturday.

USCG Free Boat from Ice Near Woods Hole

  A Coast Guard crew responded to a fishing vessel trapped in ice in Woods Hole Passage, Woods Hole, Massachusetts, Saturday. At about 3 p.m., the crew of the fishing boat Capt.

Tug Boat Owner Jailed After Crew Man Dies

  A tug boat owner was today was given an 8 month custodial sentence after his crew member died trying to reattach a tow line in a violent storm. During today’s hearing at Southampton Crown Court,

Noreco's Production Falls

   Operating revenues for Norwegian Energy Company ASA (“Noreco”) were reduced in the fourth quarter 2014 due to low oil production. Net loss after tax was NOK 1.

COMPIT to Showcase Smarter Ships, Systems & Solutions

  The 14th International Conference on Computer and IT Applications in the Maritime Industries (COMPIT) will take place from 11th to 13th May 2015 in Ulrichshusen, Germany.

ClassNK's Structural Rules for Bulkers & Tankers

  The Nippon Kaiji Kyokai (ClassNK) has announced the establishment of its “Common Structural Rules for Bulk Carriers and Oil Tanker” (Rules for the Survey and

Long Beach Harbor Tour Season

  Long Beach Port is once again giving tourists opportunity to enjoy a rare view of port operations on a free Port of Long Beach harbor tour. The organizers are

Mariners Transiting Delaware River Cautioned

  The Captain of the Port (COTP) Delaware Bay is notifying mariners that Upper Delaware River lighted buoy 33 (LLNR 3875) and Upper Delaware River lighted buoy

Mexico OKs 5 Shallow Water Areas in Round One Oil Tender

  Mexico has approved draft auction terms for five shallow water areas containing around 355 million barrels of oil equivalent (boe) as part of its Round One tender

Braskem to Sign Revised Naphtha Contract with Petrobras

  Brazil's Braskem SA , Latin America's largest petrochemical company, said on Friday it had agreed to a revised naphtha supply contract with shareholder Petrobras,

Iran Nuclear Talks Advancing, But No Deal Likely

  Talks on curbing Iran's nuclear program have made substantial progress, a senior U.S. official said on Friday as the White House braced for an onslaught of criticism

Schlumberger Poised to Extend Credit Line

  Venezuela's PDVSA said on Friday that oil services giant Schlumberger was poised to extend an existing credit line to the South American state oil company, without offering details.

Energy Firms Lose Round vs. NYC Funds in Proxy Access Battle

  Exxon Mobil Corp and three other large energy companies failed to block shareholder resolutions on director nomination rules put forth by New York City pension funds,

Argentine Biodiesel Exports Up 40 %

  Argentine biodiesel exports rose 40 percent on the year in 2014 to nearly 1.6 million tonnes while total production rose 29.4 percent 2.58 million tonnes, the

Petrobras' Chief Dutra Takes Leave of Absence

  Brazil's embattled state-run oil company Petroleo Brasileiro SA said on Friday that the director of its corporate-services division will take a 90-day leave of absence for health reasons.

British Queen to Name New Ship

 Queen Elizabeth II will christen P&O Cruises’ new flagship Britannia in Southampton, England, on March 10. She will be accompanied by her husband, Prince Philip, the Duke of Edinburgh.

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